Is anyone else starting to become a bit excited?

BrandonBay86 · 10-03-2021 01:43AM

Those buys at $44/45k 10 days ago are looking great now as expected. Hodl on.

Daithi40 · 10-03-2021 01:59AM

I check this lunatic out every now and then...... as always dyor 2FA everywhere where you can https://dailyhodl.com/

Grumpypants · 10-03-2021 10:27AM

ShaneU wrote: »

Sold last night when it was dropping at €43.6k, hoping to buy back at a lower price. It has since proceeded to skyrocket up to €46k. Just bought back in. I have the worst luck. Watch the price plummet now.

Trading is just gambling. The only time it makes sense to sell is when you think the price is over extended and due a pull back. But even then, I've seen over extended prices keep going under momentum.

I'd maybe take a little off the top when the price is high. If you need the money. But be careful selling all you have to try and make 5-6%. Just holding will earn you more long term in 99% on cases.

Selling a dip is the sure fire way to chip away at your investment.

Jafin · 10-03-2021 10:56AM

yabadabado wrote: »

I purchased some coins in December and January.
Some of them doing well and others not so much.
Is it advisable to withdraw a percentage of some of them,if all fails at least have my initial investment back and then anything else is a bonus?

I have no issue leaving them there long-term and don't need the money at the moment just wondering what more experienced people do around here.

If you don't need the money and are comfortable with the potential of losing it then I'd say just leave it in. The more you have left in the more you can potentially profit down the road. It's your own personal decision though, everybody is different. Just remember nothing is guaranteed and it could all go tits up tomorrow for all we know.

cnocbui · 10-03-2021 12:04PM

Daithi40 wrote: »

...

Since then I'm a HODLer pretty much, but I do pay attention to "tips" from some posters here who are more involved than me, and as I've mentioned in earlier posts, which some do not agree with I've been extracting my initial investments over the years at set prices and then I will DCA back in, feels comforting that I won't lose it all if for example Crypto is banned globally for example (chances are close to zero obviously) but it gives me some comfort that I'm only gambling with profit.
...

I have to say, I can't see a logic behind selling to recoup your initial investment and then buying back in via DCA.

unkel · 10-03-2021 12:12PM

cnocbui wrote: »

I have to say, I can't see a logic behind selling to recoup your initial investment and then buying back in via DCA.

Yeah was wondering about that myself. Either you get your initial investment back out and keep "speculating" with the profits, so you will never lose a cent or you believe in HODLing, so you keep everything in and then optionally also keep DCA'ing in further (at the risk of losing everything worst case scenario)

Mellor · 10-03-2021 12:22PM

BrandonBay86 wrote: »

Those buys at $44/45k 10 days ago are looking great now as expected. Hodl on.

I had set some buy orders at $44k and some ETH too. A smaller order was triggered, but just missed the rest by a couple hundred.

BrandonBay86 · 10-03-2021 12:24PM

Mellor wrote: »

I had set some buy orders at $44k and some ETH too. A smaller order was triggered, but just missed the rest by a couple hundred.

I was just market buying myself. Will continue to do so all the way to $100k.

Mellor · 10-03-2021 12:36PM

BrandonBay86 wrote: »

I was just market buying myself. Will continue to do so all the way to $100k.

It was a big order rather than a weekly/monthly top up. Tried to be cute. Too cute.

cnocbui · 10-03-2021 12:44PM

unkel wrote: »

Yeah was wondering about that myself. Either you get your initial investment back out and keep "speculating" with the profits, so you will never lose a cent or you believe in HODLing, so you keep everything in and then optionally also keep DCA'ing in further (at the risk of losing everything worst case scenario)

If I had recouped on my initial bitcoin investment, i would now be an inconsolable blubbering wreck, instead of having a grin rivalling the cheshire cat's.

Daithi40 · 10-03-2021 12:51PM

cnocbui wrote: »

If I had recouped on my initial bitcoin investment, i would now be an inconsolable blubbering wreck, instead of having a grin rivalling the cheshire cat's.

Ok, so pretty much all of my initial amount of euros invested is now back in euros and put away. I have made pretty healthy profits which are still in crypto and I invest more each month using a set amount from my salary.... not sure i explained it properly earlier

Mellor · 10-03-2021 01:23PM

Daithi40 wrote: »

Ok, so pretty much all of my initial amount of euros invested is now back in euros and put away. I have made pretty healthy profits which are still in crypto and I invest more each month using a set amount from my salary.... not sure i explained it properly earlier

If you withdrew your initial investment. Are you not now just reinvesting it bit by bit?
Just sounds like withdrawing to buy back in at a higher price tbh.

It’s kinda irrelevant when uploading whether a deposit comes from savings or salary. It’s your euro either way.

jester77 · 10-03-2021 03:14PM

Mellor wrote: »

If you withdrew your initial investment. Are you not now just reinvesting it bit by bit?
Just sounds like withdrawing to buy back in at a higher price tbh.

It’s kinda irrelevant when uploading whether a deposit comes from savings or salary. It’s your euro either way.

I withdrew my initial investment a while back. It was about 20% of the value of what I have. It just feels like we are in a huge bubble. If it keeps going, I still have the other 80% working for me, if it collapses I can buy in again.

Lex Luthor · 10-03-2021 03:58PM

jester77 wrote: »

I withdrew my initial investment a while back. It was about 20% of the value of what I have. It just feels like we are in a huge bubble. If it keeps going, I still have the other 80% working for me, if it collapses I can buy in again.

great strategy here folks

more should take this approach

ZeroThreat · 10-03-2021 04:36PM

Anyone here adopting the strategy of trying to get into as many pre-sale and seed rounds as possible in order to get into projects at a very low price?

Str8outtaWuhan · 10-03-2021 04:47PM

ZeroThreat wrote: »

Anyone here adopting the strategy of trying to get into as many pre-sale and seed rounds as possible in order to get into projects at a very low price?

i'm interested but would be clueless how to start is it an invitation kinda thing?

Unearthly · 10-03-2021 05:51PM

Bitcoin nearly back at the all time high.

So far it has been following the January correction pattern.

Should be good to continue with the bull run

Timmaay · 10-03-2021 07:22PM

Lex Luthor wrote: »

great strategy here folks

more should take this approach

I think it was someone here afew weeks ago who said they swap last yrs gains for a guaranteed 20% roi every year, that defo holds true for me ha. I put roughly 10% of my savings into crypto last August (which was badly timed, during the alts bull run), I haven't put much else in since. I saw a big drawdown early on but right now I'm over 200% up, so suddenly that intial 10% of my capital is about 20% of my savings, and personally I don't want crypto to represent much more than that, just too volatile, so I'm happily not investing anymore money into crypto for now, I'll wait until there is a significant pullback, and look at cashing out some of my lower conviction alts. If that pullback never comes and crypto keeps on going then I'll still be a happy man.

cnocbui · 10-03-2021 08:03PM

Lex Luthor wrote: »

great strategy here folks

more should take this approach

Let's say you bought 4 bitcoin for €1K each back in the day. Then when the price had doubled, you sold two of them, recouping your initial €4K.

This is great, right, you now have two 'free' bitcoin and you even dodged CGT due to your allowance. You stick that now safe €4K in the bank and it starts disolving away from inflation.

Fast forward to today when BTC is €47,852.5. The opportunity cost of protecting your precious €4k is €95,705. That's a pretty expensive insurance policy if you ask me.

If you can't afford to lose that €4K, I could ask what are you doing in the kitchen in the first place, but I won't.

I guess I'm just greedy, stupid, or have my eye on the bigger picture - take your pick, but I only invest what I can afford to lose, and since I can afford to lose it, I don't need to protect it, so for me, personally, I don't see this as a great strategy.

Irish_rat · 10-03-2021 08:25PM

cnocbui wrote: »

Let's say you bought 4 bitcoin for €1K each back in the day. Then when the price had doubled, you sold two of them, recouping your initial €4K.

This is great, right, you now have two 'free' bitcoin and you even dodged CGT due to your allowance. You stick that now safe €4K in the bank and it starts disolving away from inflation.

Fast forward to today when BTC is €47,852.5. The opportunity cost of protecting your precious €4k is €95,705. That's a pretty expensive insurance policy if you ask me.

If you can't afford to lose that €4K, I could ask what are you doing in the kitchen in the first place, but I won't.

I guess I'm just greedy, stupid, or have my eye on the bigger picture - take your pick, but I only invest what I can afford to lose, and since I can afford to lose it, I don't need to protect it, so for me, personally, I don't see this as a great strategy.

Well said.

However have some powder ready for the next bear market.

But generally anything I buy like btc I hold and never sell.

Irish_rat · 10-03-2021 08:27PM

cnocbui wrote: »

Let's say you bought 4 bitcoin for €1K each back in the day. Then when the price had doubled, you sold two of them, recouping your initial €4K.

This is great, right, you now have two 'free' bitcoin and you even dodged CGT due to your allowance. You stick that now safe €4K in the bank and it starts disolving away from inflation.

Fast forward to today when BTC is €47,852.5. The opportunity cost of protecting your precious €4k is €95,705. That's a pretty expensive insurance policy if you ask me.

If you can't afford to lose that €4K, I could ask what are you doing in the kitchen in the first place, but I won't.

I guess I'm just greedy, stupid, or have my eye on the bigger picture - take your pick, but I only invest what I can afford to lose, and since I can afford to lose it, I don't need to protect it, so for me, personally, I don't see this as a great strategy.

Well said.

However have some powder ready for the next bear market.

yabadabado · 10-03-2021 08:51PM

This is probably a stupid question but surely at some stage you will sell ?
What's the end game ?

djan · 10-03-2021 08:57PM

yabadabado wrote: »

This is probably a stupid question but surely at some stage you will sell ?
What's the end game ?

There could be a point in time where you don't have to change to FIAT currency to buy the things you want and do so directly with crypto.

Some shops and businesses are already taking it as direct payments. Especially in Asia.

Thargor · 10-03-2021 09:00PM

yabadabado wrote: »

This is probably a stupid question but surely at some stage you will sell ?
What's the end game ?

Fingers crossed a free house.

cnocbui · 10-03-2021 09:05PM

yabadabado wrote: »

This is probably a stupid question but surely at some stage you will sell ?
What's the end game ?

In the hypothetical case where your profits are potentially life changing, I would emigrate to somewhere with a lot less than 33% CGT, preferably 0%, before taking profit.

Jeff2 · 10-03-2021 09:29PM

Thargor wrote: »

Fingers crossed a free house.

I believe there was a guy selling a house a while back for $17m in bitcoin.

Eta https://www.standard.co.uk/news/london/ps17m-london-mansion-up-for-sale-but-only-if-you-can-pay-in-bitcoin-a3657556.html?amp[\url]

Irish_rat · 10-03-2021 09:49PM

yabadabado wrote: »

This is probably a stupid question but surely at some stage you will sell ?
What's the end game ?

The end game is getting out of the 9-5.

Plan is stack heavily in the next bear market and will see where I am 3-4 years from now.

Move to a crypto tax friendly country where I can purchase in btc etc.

Lex Luthor · 10-03-2021 09:51PM

cnocbui wrote: »

Let's say you bought 4 bitcoin for €1K each back in the day. Then when the price had doubled, you sold two of them, recouping your initial €4K.

This is great, right, you now have two 'free' bitcoin and you even dodged CGT due to your allowance. You stick that now safe €4K in the bank and it starts disolving away from inflation.

Fast forward to today when BTC is €47,852.5. The opportunity cost of protecting your precious €4k is €95,705. That's a pretty expensive insurance policy if you ask me.

If you can't afford to lose that €4K, I could ask what are you doing in the kitchen in the first place, but I won't.

I guess I'm just greedy, stupid, or have my eye on the bigger picture - take your pick, but I only invest what I can afford to lose, and since I can afford to lose it, I don't need to protect it, so for me, personally, I don't see this as a great strategy.

your numbers you quote are based on having great hindsight by knowing what the gains of BTC have been over the years

If you bought that 1k BTC and knew it was going to 47k then of course you wouldnt be selling at 2k

I could also say based on knowing those figures, that I take out my initial 4k by selling 0.1 BTC at 40k and then I'm in a far better position

you also dont know what jester77 invested

what is it was 25k and not an amount they could afford to lose, but now their investment is up to 125k and they are in a great position to take back that 25k and treat themselves with a decent amount still in the game

BrandonBay86 · 10-03-2021 10:20PM

Irish_rat wrote: »

The end game is getting out of the 9-5.

Plan is stack heavily in the next bear market and will see where I am 3-4 years from now.

Move to a crypto tax friendly country where I can purchase in btc etc.

This is the way.

BrandonBay86 · 10-03-2021 10:22PM

Wallet up over 1500% from the lows of March 11/12th last year from buying dips & DCAing. Wouldn’t get that in the S&P.

Is anyone else starting to become a bit excited?

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